Facebook co-founder Eduardo Saverin and Temasek Holdings Pte, the Singaporean government’s investment arm, and Monitor Capital Partners, a Belgium-based asset management firm, are among the leading investors in Golden Gate Ventures’ second fund, a new venture capital fund that will take stakes in technology companies in Southeast Asia.

The early-stage Golden Gate Ventures II LP has already raised $35 million and expects to gather an additional $15 million, according to Vinnie Lauria, managing partner of Singapore-based Golden Gate Ventures, in an interview on Tuesday.

“Southeast Asia [has] been our focus from day one, ” Vinnie Lauria, founding partner at Golden Gate Ventures, tells Tech in Asia. “When we first addressed Southeast Asia there was very little early-stage VC investment here with a Silicon Valley perspective, [whereas] China and India had tons of Valley-styled investors. That’s now changed for the better.”

To date, Golden Gate Ventures has made 25 investments across seven countries in the region. The deals, worth between $1 million and $10 million is expected to double to 40 next year in Southeast Asia, according to a Golden Gate study on the prospects for the region. Lauria says new portfolio companies will benefit from the firm’s vast regional network and Silicon Valley connections.